Fastly Stock Price, News & Analysis

Fastly, Inc. (NYSE: FSLY) has launched the Fastly Managed Security Service, a comprehensive 24/7 threat detection and response offering aimed at protecting organizations from web application attacks. This service enhances the security provided to Fastly’s Next-Gen WAF customers by reducing the risk of web-based attacks and mitigating associated business costs. Fastly's security service addresses the increasing complexity of cybersecurity threats, including DDoS attacks and credential theft. Backed by a 15-minute response SLA for critical incidents, the service allows in-house teams to focus on core initiatives while ensuring robust security support.

Fastly, Inc. (NYSE: FSLY) announced participation in fireside chats at two upcoming investor conferences. The first is the Raymond James 44th Annual Institutional Investor Conference in Orlando on March 6, featuring Ron Kisling, CFO, and Vernon Essi, VP of Investor Relations at 1:40 p.m. ET. The second event is the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on March 8, where Todd Nightingale, CEO, and Ron Kisling, CFO, will speak at 3:55 p.m. ET. Interested parties can access webcasts of the presentations on Fastly's Investor Relations website.

About Fastly: Fastly’s edge cloud platform delivers fast online experiences, enhancing performance and security for top brands globally.

Fastly reported record fourth quarter revenue of $119.3 million, marking a 22% year-over-year growth, exceeding guidance. Full year revenue reached $432.7 million, also a 22% increase year-over-year. GAAP gross margin improved to 52.4%, up from 50.9% in Q4 2021. Despite a GAAP net loss of $46.7 million, it was an improvement from $57.5 million in the same quarter last year. Fastly's trailing 12-month net retention rate rose to 119% from 118%. Guidance for Q1 2023 projects revenue between $114 million and $117 million.

Fastly, Inc. (NYSE: FSLY) has been recognized as the 2023 Gartner Peer Insights Customers’ Choice for Cloud Web Application and API Protection (WAAP) for the fifth consecutive year. The company achieved a perfect 5 out of 5 stars rating based on reviews from 140 verified enterprise customers. With a 97% recommendation rate, Fastly stands out as the highest-rated vendor in its category. This recognition reflects Fastly's commitment to customer satisfaction and its effective security solutions that protect public-facing web applications and APIs.

Fastly, Inc. (NYSE: FSLY) will release its financial results for Q4 and the full year of 2022 on February 15, 2023. The results will be announced after market close, followed by an investor conference call at 1:30 p.m. PT / 4:30 p.m. ET. Investors can access the call via a dial-in number (888-330-2022 for US/CA) or through a webcast available at Fastly's investor site. The company positions itself as a leader in the edge cloud platform market, known for its top-tier performance and customer satisfaction.

Fastly (NYSE: FSLY) announced the appointment of Puja Jaspal as Chief People Officer, effective immediately. Jaspal will oversee global human resources initiatives, including talent acquisition, employee experience, and diversity initiatives. With over 20 years in human resources, including prior roles at Cisco and Visa, she is recognized for her transformative leadership in workforce development. CEO Todd Nightingale expressed enthusiasm for her joining, highlighting her commitment to fostering an inclusive company culture.

Fastly, Inc. (NYSE: FSLY) released research revealing that 73% of organizations are increasing their cybersecurity budgets, despite 60% believing their current spending is adequate. However, only 61% of cybersecurity tools are fully deployed, with 42% of tools overlapping in protection. False positives are also a significant issue, with 38% of WAF alerts being inaccurate. The report highlights growing concerns over data breaches (32%), malware (29%), and phishing (26%). IT leaders are prioritizing remote worker security amid the shift to hybrid work environments.

Fastly (NYSE: FSLY) has launched a new Edge Observability product line aimed at enhancing real-time visibility and analytics for developers and operations teams. This new suite allows for comprehensive monitoring and immediate response to anomalies, promoting better application health and user experience. Key features include customizable logging, extensive integration support, and real-time data access. Fastly is also providing 30-day free trials for its Origin Inspector and Domain Inspector tools. Such advancements are positioned to improve customer satisfaction and security.

Fastly, Inc. (NYSE: FSLY) has relaunched its Open Source and Nonprofit Program as “Fast Forward,” aimed at supporting over 100 million developers. Announced at the Altitude conference, Fast Forward will provide free services to open source projects and nonprofits, fostering a community around internet innovation. This initiative aligns with Fastly's mission to enhance internet efficiency and safety. The program encourages knowledge sharing among participants, contributing to sustainable development in software projects like the Rust Foundation and Apache Software Foundation.